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Heartland Cannabis Business Update – October 11, 2019

Erika Gee
Erika Gee

Partner

Little Rock

Hemp in Arkansas: Grow Your Know 3-6 p.m., January 23
Wright Lindsey Jennings, Little Rock

Tickets
Free

Arkansas reported over $12,000,000 in medical marijuana sales. Missouri colleges will not allow cannabis on campus. Oklahoma has new rules for medical marijuana, and I wrote all about it for Ounce Magazine. What a week! We've read all of the cannabis business news for Oklahoma, Arkansas and Missouri & selected the stories we think are worth reading. Medical marijuana lawyers for the Heartland.

Medical Marijuana and Recreational Cannabis Business Roundup

Business News

These Strategies Will Get More Customers To Your Dispensary - Weedmaps

"We're starting to find that a lot of other businesses ... are willing to align with dispensaries," said David Farris, Director of Marketing for Planet 13 in Las Vegas, the world's largest cannabis dispensary. And those partnerships offer the opportunity to get your brand in front of an entirely new audience — and drive those customers into your store.

Farm to freezer: Why ‘fresh-frozen' is taking over the cannabis harvest - Leafly

Over the last six years, the idea of freezing part—or all—of one's cannabis harvest has gone from bizarre to mandatory. A full 30% of Alien Labs' coveted new strain Planet Dosi is heading straight from outdoor fields into the freezer this year.

Airflow management - Marijuana Venture

Cannabis growers are increasingly moving into greenhouses, but they need to be designed to mitigate the risks of humidity and condensation.

$682M sale of Chicago pot company goes up in smoke, would have been largest deal in industry history - Chicago Sun Times

"We believe it is now in the best interest of our shareholders to deepen, rather than widen, our company's reach," Adam Bierman, MedMen's co-founder and chief executive, said in the statement.

Leafly Announces Leafly Learn Online Education Platform for Training & Certifying Budtenders - MJ Headline News

To kick off this initiative, Leafly is taking Leafly Learn on the road to 16 cities across North America, meeting directly with thousands of budtenders to provide hands-on training based on the Leafly Cannabis Guide.

Health News

How marijuana laws may be contributing to vaping illnesses - Axios

Health officials don't know yet whether the culprit is the liquids being vaped, their interaction with the vape pen materials, or a combination of the two. But legal, regulated products used as directed don't seem to be the primary cause.

University Researchers To Study Effects of Medical Cannabis On Chronic Pain - High Times

The project could help illustrate the real world policy effects in more than 30 states across the country that have legalized medical cannabis. It is also the latest in a flowering of academic research on marijuana, as governments, institutions and companies reconsider prohibitions on pot as concerns over prescription painkillers continue to mount.

National News

Report: Marijuana Legalization Not Associated with Adverse ‘Spillover' Effects in Neighboring States - NORML

The study, entitled "Measuring the Criminal Justice System Impacts of Marijuana Legalization and Decriminalization Using State Data," assessed the impact of adult-use regulation schemes on criminal justice resources in both legalization states and neighboring non-legalization states..

Mitch McConnell Meets Marijuana Executives And Tours Cannabis Facility In Hushed California Visit - Marijuana Moment

The majority leader has been a strong champion of hemp, shepherding a provision of the 2018 Farm Bill that legalized the crop and its derivatives to passage. But he's been a staunch critic of broader marijuana reform, and so the meetings with industry executives comes as something of a surprise.

9 States That Could Vote to Legalize Marijuana in 2020 - The Motley Fool

You know times are changing when one of the most conservative states in the Deep South could be on track to legalize medical cannabis. Mississippi appears likely to include an initiative to do just that in 2020 now that an advocacy group has gained the required number of signatures.

Efforts intensify to battle corruption involving local government officials and cannabis industry - Marijuana Business Daily

While claims of licensing bias and flawed scoring are more common, an examination of the landscape suggests that there have been a number of blatant efforts over the years to improperly influence public officials into awarding highly coveted marijuana licenses.

State News - Arkansas

Arkansas medical marijuana sales brisk, total $12.3 million for five months - Marijuana Business Daily

At this rate, sales are on pace to reach the upper end if not exceed Marijuana Business Factbook projections of $15 million-$20 million for 2019. The sales, representing 1,730 pounds of marijuana, were achieved with just a fraction of the licensed dispensaries in operation.

State approves 10th marijuana dispensary - Arkansas Times

The state announces approval of a 10th medical marijuana dispensary, Harvest, which is expected to open at 9 a.m. tomorrow at 1200 Thomas G. Wilson Drive in Conway.

Clinic for medical marijuana prescriptions opens in Fayetteville - KATV

Owner Connor Shore says the business uses certified doctors. When a patient goes in, they meet with a doctor who will then review the patient's documents and confirms if they have a qualifying condition.

State News - Oklahoma

Rules and Regulation - Ounce Magazine

Both wholesalers (growers and processors) and retailers (dispensaries) are responsible for making sure that any product you sell meets these standards, so let's dive in.

200K medical marijuana patient applications approved in Oklahoma, officials say - KFOR

Officials say that is an average of 3,500 per week since they began accepting applications last year.

State News - Missouri

SAFE Act now in Senate, could mean better banking for cannabis-related businesses - Ozarks First

"You are technically not even able to get a bank account because of money laundering concerns and proceeds from criminal operations. It's more of a risk thing for the banks. So, if a bank is willing to accept the risk, the CRB's (cannabis-related businesses) are usually going to have to pay exorbitant rates for that, far exceeding what a normal business would expect to pay for those same services."

Schools, colleges won't allow medical marijuana - Booneville Daily News

Spokespeople for all three institutions cited federal law, which continues to prohibit marijuana use, possession and cultivation, for their policies. There is no plan to change any policies or make any accommodations for student patients who use medical marijuana, they said.

Bonus Section

Study finds online searches for alcohol drop after weed legalization - Greencamp

"As we have asserted in the past, we believe that beer faces the biggest headwind from the transition to legal cannabis access," they said.

Seth Rogen And Snoop Dogg Offer Marijuana Advice To First-Time Consumers - Marijuana Moment

Snoop said that the producer should stick to a sativa "because it's a little bit lighter and it's more of an introduction." Rogen agreed that it should be a sativa, but he said the concentration of THC should be on the higher end "to make sure you actually feel something because you might not."

Thanks for reading the Heartland Cannabis Business Update. See you next week!

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